China National Accord Medicines (SZSE:200028) Days Payable : 104.93 (As of Dec. 2023)

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What is China National Accord Medicines Days Payable?

China National Accord Medicines's average Accounts Payable for the three months ended in Dec. 2023 was HK$20,600 Mil. China National Accord Medicines's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$17,914 Mil. Hence, China National Accord Medicines's Days Payable for the three months ended in Dec. 2023 was 104.93.

The historical rank and industry rank for China National Accord Medicines's Days Payable or its related term are showing as below:

SZSE:200028' s Days Payable Range Over the Past 10 Years
Min: 76.41 Med: 89.6 Max: 99.7
Current: 99.7

During the past 13 years, China National Accord Medicines's highest Days Payable was 99.70. The lowest was 76.41. And the median was 89.60.

SZSE:200028's Days Payable is ranked better than
66.32% of 95 companies
in the Medical Distribution industry
Industry Median: 74.64 vs SZSE:200028: 99.70

China National Accord Medicines's Days Payable increased from Dec. 2022 (96.94) to Dec. 2023 (104.93). It may suggest that China National Accord Medicines delayed paying its suppliers.

China National Accord Medicines Days Payable Historical Data

The historical data trend for China National Accord Medicines's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

China National Accord Medicines Days Payable Chart

China National Accord Medicines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

86.99

92.74

95.12

94.94

92.05

China National Accord Medicines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															96.94	90.91	100.20	112.90	104.93

Competitive Comparison of China National Accord Medicines's Days Payable

For the Medical Distribution subindustry, China National Accord Medicines's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China National Accord Medicines's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China National Accord Medicines's Days Payable distribution charts can be found below:

* The bar in red indicates where China National Accord Medicines's Days Payable falls into.

China National Accord Medicines Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

China National Accord Medicines's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (17010.914	+	19635.575)	/	2 )	/	72654.728	*	365
=	18323.2445					/	72654.728	*	365
=	92.05

China National Accord Medicines's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21564.76	+	19635.575)	/	2 )	/	17914.188	*	365 / 4
=	20600.1675					/	17914.188	*	365 / 4
=	104.93

China National Accord Medicines Days Payable Related Terms

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China National Accord Medicines (SZSE:200028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China National Accord Medicines Corp Ltd (SZSE:200028) » Definitions » Days Payable

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Traded in Other Exchanges

000028:China

Address

No. 15, Ba Gua Si 4th Road, Accord Pharmaceutical Building, Futian District, Guangdong Province, Shenzhen, CHN, 518029

Website

http://www.szaccord.com.cn

China National Accord Medicines Corp Ltd develops and manufactures pharmaceuticals in China. The company engaged in the wholesale of Chinese patent drugs, traditional Chinese medicines, chemical medicine preparations, antibiotics, biochemical drugs and cerebrovascular system drugs. It operates through the following segments: The Head office segment engages in investing and managing the business; The Pharmaceutical Distribution segment engages in the distribution of medicine and pharmaceutical products to customers, including hospitals, other distributors, retail drug stores, and clinics, and Retail pharmacy segment, which is managing the operation of Guoda Pharmacy. It generates maximum revenue from the Pharmaceutical Distribution segment.

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